DAIWA INDUSTRIES, 2% Increase in Ordinary Profit, Record High for The First Time in Eighteen Years, Increased Previous Year's Dividend by 20 yen, Plan to Continue the 50 yen Policy This Fiscal Year as Well

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Fri Feb 14, 2025 3:00 pm JST Earnings

6459 DAIWA INDUSTRIES LTD. 【J-GAAP】

Earnings Report

DAIWA INDUSTRIES LTD. <6459> [TSE Prime] announced its financial results in the afternoon session on February 14th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 decreased 0.4% from the previous period to 7.95 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 1.9% to 8.11 billion yenExpected to reach record high profits for the first time in eighteen years. This will be the third consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 30 yen to 50 yen (compared to 30 yen in the prior term), and has decided to continue with a dividend of 50 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the ordinary profit grew 26.6% from the same period last year, reaching 1.7 billion yen. The operating profit margin rose from 13.1% in the same period last year to 14.5%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	43,942	6,985	6,866	4,446	87.9	30	Feb 14, 2023	J-GAAP
Dec, 2023	45,969	8,137	7,989	5,537	112.2	30	Feb 14, 2024	J-GAAP
Dec, 2024	47,938	8,076	7,959	5,441	110.2	50	Feb 14, 2025	J-GAAP
YoY	+4.3%	-0.7%	-0.4%	-1.7%	-1.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	46,800	8,300	8,140	5,640	114.3	30	Feb 14, 2024	J-GAAP
Dec, 2024 Results	47,938	8,076	7,959	5,441	110.2	50	Feb 14, 2025	J-GAAP
Revision Rate	+2.4%	-2.7%	-2.2%	-3.5%	-3.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	22,807	3,903	3,841	2,602	52.7	15	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	23,200	3,980	3,910	2,650	53.7	25	Feb 14, 2025	J-GAAP
YoY	+1.7%	+2.0%	+1.8%	+1.8%	+1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	45,969	8,137	7,989	5,537	112.2	30	Feb 14, 2024	J-GAAP
Dec, 2024	47,938	8,076	7,959	5,441	110.2	50	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	48,800	8,230	8,110	5,550	112.4	50	Feb 14, 2025	J-GAAP
YoY	+1.8%	+1.9%	+1.9%	+2.0%	+2.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	10,539	1,380	1,344	1,013	20.5	13.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	10,537	1,571	1,542	1,028	20.8	14.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	12,270	2,332	2,299	1,574	31.9	19.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	13,201	2,446	2,416	1,654	33.5	18.5	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	11,930	1,727	1,702	1,185	24.0	14.5	Feb 14, 2025	J-GAAP
YoY	+13.2%	+25.1%	+26.6%	+17.0%	+17.0%